Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
First we need to know how many months is 2 years. To answer that we multiply the number of months in a year by 2 and get 48 months.
Every 3 months the population of turtles doubles, but to get how many times the population doubles, you need to divide 48 months by 3 to get 16.
So population of 400 will get <u>doubled</u> 16 times in the following <u>two</u> years.
We construct the following equation where 
is the final population,
Hope this helps. :)
Answer:
The system of equations is:
x + y = 15
xy = 15
Step-by-step explanation:
solve the first for y and substitute in the second:
y = 15-x
x(15-x) = 15
15x - x� = 15
15x - x� - 15 = 0
-x� + 15x - 15 = 0
x� - 15x + 15 = 0
Answer:
x = 64
Step-by-step explanation:
looking at the other sides, you find that each side had just been doubled.
